US Airline Stocks Soar After Delta's Earnings Beat Projections

US airline stocks surged after Delta Air Lines issued quarterly earnings that beat estimates and reinstated its forecast, lifting the sector hit by tariff-related uncertainty. American, United, Southwest, and Alaska Airlines saw their stocks rise, with Delta reporting stabilized bookings and increased revenue despite a drop in main-cabin fare revenue.

Delta posted adjusted revenue of $15.5 billion and EPS of $2.10, slightly beating expectations. The company reported operating income of $2 billion with a margin of 13.2%, down from the previous year. United, American, Southwest, and Alaska Airlines are due to report earnings, with analysts eager to see if they can replicate Delta’s success.

Airlines are benefiting from lower oil prices, reducing a major expense. Delta reported an 11% decrease in fuel expenses and a 14% drop in fuel prices per gallon year-over-year in the second quarter. Deutsche Bank analysts predict positive earnings for United, American, Sun Country Airlines Holdings, and SkyWest, boosting stock prices.

Read more at Yahoo Finance: United, American, and Southwest all surge after Delta’s outlook lifts fortunes for US airlines